I believe the best case scenerio for shareholders would be for a JV or merger with another bigger player that would keep YNGFF as the entity it is now, but would give them enough financing to get them over the top and set for production to 150K oz. per year. He said they are close to being cash flow positive, but I don't think they're quite there yet. He told me they are currently on track to do 150K oz. right now going forward. I'm really not sure if I believe him or not on that to this point either.
I was also under the impression the company had a poison pill set up and he told me that it had expired in March, so we're wide open for a hostile takeout. He said around 67% of the company shares are held by major holders like Sprott, DB and an outfit in Switzerland and that they are the ones looking for at least .75/$1 for the company, so hopefully we're in strong enough hands not to get what we deserve.
Time will tell, I guess.